Grove Park Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE FOUNDATION IS DEDICATED TO REVITALIZING THE GROVE PARK NEIGHBORHOOD AND IMPROVING THE QUALITY OF LIFE BY WORKING WITH LOCAL PARTNERS, LEADERS, AND RESIDENTS TO CREATE A HEALTHY, EQUITABLE, AND VIBRANT COMMUNITY.
- Income
- $3.6 million
- Spending
- $2.7 million
- Spent on programs
- 59%
- Reserves
- -12.9 months of spending
- Largest source of income
- donations and private grants, 76%
- Employees
- 5
- Volunteers
- 301
- Highest pay
- $184,526, executive director
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 33 out of 100. Higher than 6% of charities in its peer group (community improvement, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
5 of 20It owes 63% of what it owns.
Living within its means
15 of 15Income exceeded spending by 26% of income.
Income trend
5 of 15Income fell 13% on the year before.
Spending floor
8 of 1559% of spending went to programs and raising each dollar of donations cost 7 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 68% of charities in its peer group (community improvement, $1m to $10m).
Independent board
25 of 2518 of 19 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $390,121 spent. ECONOMIC MOBILITY: ATTRACT NEW PARTNERS AND COLLABORATE WITH EXISTING ONES TO FOCUS JOB/WORKFORCE AND ENTREPRENEURIAL TRAINING PROGRAMS. INCORPORATE MIXED-USE PROPERTIES WITH HOUSING, OFFICE, AND RETAIL COMPONENTS. RECRUIT AND INCENTIVIZE NEW BUSINESSES IN VIABLE EMPLOYMENT CENTERS. OBTAIN OPPORTUNITY ZONE DESIGNATION TO ENCOURAGE JOB GROWTH AND OPPORTUNITY. ADVOCATE FOR IMPROVED TRANSIT CONNECTIVITY TO SUPPORT BETTER ACCESS TO JOBS.
- $298,421 spent. ECONOMIC DEVELOPMENT: DEVELOP HIGH QUALITY AND AFFORDABLE COMMERCIAL AND MIXED USE SPACE ON MAIN STREET BY RENOVATING THE HISTORIC GROVE THEATRE AS A CENTER FOR EVENTS AND COMMUNITY ARTS AND CREATING ADDITIONAL RETAIL SPACE AT THE CORNER MARKET AT HOLLOWELL FOR SMALL BUSINESS INCUBATION AND DEVELOPMENT AND PROVIDING NEEDED COMMERCIAL SERVICES FOR THE COMMUNITY SUCH AS BANKING.
- $543,439 spent. HOUSING: STABILIZE EXISTING HOMEOWNERS. REHABILITATE DAMAGED HOMES. BUILD NEW AFFORDABLE AND WORKFORCE MULTI-FAMILY HOUSING UNITS. REDUCE TRANSIENCY, VACANT LOTS, AND DILAPIDATED STRUCTURES. PROVIDE A PATHWAY FROM RENTAL TO HOME OWNERSHIP THROUGH DOWN PAYMENT ASSISTANCE, HOUSING CREDITS, AND FAVORABLE MORTGAGE LENDING.
- $349,824 spent. EDUCATION
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2017.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: Parker Foundation Inc (Piscataway, NJ), EIN 36-4858938. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.